Truly An Unequal World
Dollar millionaires now own around 44% the world's wealth, according to Credit Suisse's new Global Wealth Report, which also says there are now nearly 47 million millionaires out there (an increase of 1.1 million over the last year, mostly from the U.S., though China and Japan also added quite a few). That's 0.9% of the world's population; 56.6% of people have less than $10,000 to their name, collectively accounting for 1.8% of wealth. (Fortune)
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Millionaires own close to half of the world’s wealth, according to the Global Wealth Report from Credit Suisse.
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The world’s 46.8 million millionaires are now worth a combined $158.3 trillion – or 44% of the world’s total wealth.
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The U.S. still leads the world in the total number of millionaires and growth.
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China now leads the U.S. for the first time in the number of “global wealthy,” defined as those in the top 10% of wealth in the world, the report said.